A partnership between New York City based GrowthFountain, an equity crowdfunding platform, and $7.6 billion, Marlborough, Mass.-based Digital Federal Credit Union enables entrepreneurs to raise capital and members to invest. Crowdfunding is the practice of funding a...
Credit Union Industry News & Updates
The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.
WHAT’S GOING ON AT CREDIT UNIONS?
Gulf Winds FCU Takes On Members, Deposits as FCAMEC Closes
Gulf Winds Federal Credit Union, of Pensacola, Fla., has assumed the members and deposits of the former Florida Conference AME Church Federal Credit Union of Tallahassee, the National Credit Union Administration announced Friday. Gulf Winds is a federal credit union...
Lead Generator Increases Early Stage Lending for Credit Union
An early adopter of LeadMe, which allows financial institution marketing and lending departments to generate, track, organize, and respond to incoming opportunities. increased its loan volume by 15% within two months. The $171 million, Alexandria, Va.-based InFirst...
3 Men Face 100s of Years in Prison for CU Kidnapping, Robbery Cases
A man who kidnapped and terrorized credit union and bank executives, employees and their families to extort money from their financial institutions could face up to 300 years in prison. A federal jury in Knoxville, Tenn. last month found Michael Anthony Benanti,...
2 Men Face 100s of Years in Prison for CU Kidnapping, Robbery Cases
A man who kidnapped and terrorized credit union and bank executives, employees and their families to extort money from their financial institutions could face up to 300 years in prison. A federal jury in Knoxville, Tenn. last month found Michael Anthony Benanti,...
Credit Unions to Fight Trump Plan to Eliminate CDFI Program
Credit union trade groups Thursday vowed to fight President Trump’s plan to kill the Community Development Financial Institutions Fund (CDFI) program, as proposed in the administration’s FY2018 budget plan. “The Administration's dramatic...

